Charming Shoppes sees 2007 sales up 11%-13%

NEW YORK (MarketWatch) -- Charming Shoppes Inc.
CHRS, +3.47%
operator of Lane Bryant, Fashion Bug, and Catherines, on Thursday forecast 2007 total sales of approximately $3.05 billion to $3.10 billion, up in a range of 11% to 13%. This projection assumes same-store sales increases of low single digits for the company's retail stores. Charming Shoppes also said it plans to accelerate its new store opening plan, particularly with Lane Bryant, and will expand the intimate apparel brand Cacique.

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